Just How Wealthy Are We As a Country?

Via reason’s blog Hit and Run you can check out this interactive tool that shows you what countries are spending on different classes of goods. If you click on over there and check out the “Recreation” tab, you will see something that I find to be quite telling.

Japan $275.8B
Britain $210.0B
Germany $170.3B
France $130.8B
Italy $88.5B

Total $875.4B
U.S. $881.0B

It takes the next five largest countries (by spending in this category) to nearly equal the United States. Folks, there is no way we would spend that kind of money on something so frivolous as entertainment if we weren’t in solid shape in long-run economics.